tZERO Newsletter 09.26.2025
Patrick Witt, the executive director of the White House Council of Advisors on Digital Assets, said he expects the crypto market structure bill to pass before the end of 2025. Witt said at Korea Blockchain Week 2025’s Impact conference on Tuesday that the council is navigating existing rules and procedures to get the bill on President Donald Trump’s desk as soon as possible, working with members of the Senate and the House.
Straight from the Top: tZERO Executive Series
tZERO in the News
tZERO Insights
SEC’s Crypto Revolution Could Unleash Wall Street’s Digital Asset Dreams—Here’s What Changes
The regulatory ice age for crypto just thawed dramatically as the Securities and Exchange Commission unveiled sweeping plans to revamp digital asset policies, potentially clearing the path for cryptocurrency to finally merge with traditional Wall Street trading systems. For investors who’ve watched crypto remain largely siloed from traditional finance, this represents a potential watershed moment.
Goldman Sachs-backed Fnality raises $136M to develop a global network of regulated DLT-based wholesale payment systems
Wholesale payment systems, the backbone of institutional finance, are often slow, expensive, and clunky, especially for cross-border transactions, which can take days to settle. This inefficiency ties up massive amounts of capital and complicates liquidity management for financial institutions. Fnality’s solution is to use distributed ledger technology (DLT) to build regulated payment systems based on digital versions of central bank money. This approach enables instant, atomic settlement with the credit security of central bank reserves, speeding up the transfer of institutional funds.
Moonberg Launches Platform to Address Blockchain Data Fragmentation in Tokenized Finance
The Moonberg platform provides standardized and interpretable insights across tokenized treasuries, real-world assets, and crypto-native instruments. The launch comes as global institutions ramp up tokenization initiatives, but face growing challenges in analyzing blockchain-based markets due to data inconsistencies.
Tim Draper Predicts Bitcoin and Blockchain Will Reshape Global Finance
Venture capitalist Tim Draper has once again placed Bitcoin at the center of global financial transformation. In his latest remarks, Draper argued that cryptocurrency and blockchain technology are not only vital for the future of money but also for national defense and global security. His statements highlight a growing intersection between finance, technology, and geopolitics as governments grapple with new digital risks.
SEC Approves First Multi-Asset Crypto ETP, Includes Bitcoin and Ethereum
Grayscale Digital Large Cap Fund received SEC approval as America’s first multi-asset cryptocurrency exchange-traded product (ETP). The fund offers exposure to five major digital assets: Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) through traditional market channels. The approval utilizes new generic listing standards designed to accelerate crypto exchange-traded fund (ETF) reviews across Nasdaq, NYSE Arca, and Cboe BZX exchanges. This streamlined process eliminates individual application assessments, significantly speeding approval timelines for future products.
New AI Education Leaves No Parent/Child Behind As Blockchain Ed Grows
AI is not the only frontier. Blockchain and crypto are transforming finance, identity, and ownership. Here too, education efforts are starting. Wyoming has become a standout with the WyoBEE program, short for Wyoming Blockchain Education for Everyone. It provides twelve teaching modules for high school juniors, seniors, and community college students, complete with games, teacher manuals, quizzes, and even NFT certificates of completion. With Senator Cynthia Lummis championing blockchain, Wyoming has positioned itself at the forefront of digital asset literacy.
Two of the world’s most influential financial jurisdictions are moving in step on digital assets. After high-level talks in London between UK chancellor Rachel Reeves and US Treasury secretary Scott Bessent, officials in both capitals are preparing to unveil a transatlantic initiative that puts stablecoins, tokenized markets, and capital-markets plumbing on the same workbench.
The United States Securities and Exchange Commission (SEC) Chair, Paul Atkins, gave an interview in which he revealed that digital asset companies can henceforth expect preliminary notices of any technical violations before the agency charges them or initiates an investigation.